Tasmania’s property market continues to draw interest from buyers seeking affordability, lifestyle and steady conditions. Recent data points to moderate price growth, solid sales activity, and a balanced pace of demand across the state.
Whether you’re chasing a tree change, a coastal investment or a long-term growth play, this guide covers the key data and considerations to help you buy confidently in Tasmania.
Quick summary
Tasmania’s median house price sits at $619,599, remaining one of the most affordable state markets nationally.
Prices have increased by 5.18% over the past year, pointing to steady growth rather than sharp swings.
Median rent across the state is $495 per week, with rents up 3.13% year on year.
Homes are selling in a median of 37 days, suggesting balanced conditions for buyers.
Action tip: Use Aussie’s tools to understand your borrowing power and compare suburbs before making a move.
Source: Cotality
TAS property market at a glance (latest data)
Metric | Tasmania |
Median house price | $619,599 |
Median rent | $495 per week |
Annual price growth | 5.18% |
Annual rent growth | 3.13% |
Median days on market | 37 days |
Total properties sold (12 months) | 8,509 |
Source: Cotality
TAS property market overview
Tasmania’s market has shown steady conditions in the latest data, with moderate price growth and consistent buyer activity across both lifestyle and regional areas.
5 key trends shaping the TAS market:
Annual price growth has remained moderate, supporting more measured buying decisions.
Rental growth has continued at a steady pace, particularly in established regional centres.
Days on market point to balanced conditions rather than intense competition.
Sales volumes reflect a smaller market, where local factors can influence outcomes more strongly.
Buyers are weighing lifestyle appeal alongside affordability and long-term fundamentals.
Source: Cotality
Supply vs. buyer demand
Buyer interest remains steady in areas offering lifestyle appeal and relative affordability. With a median 37 days on market, buyers often have time to compare options and get finance organised.
“We’re seeing strong buyer interest across Tasmania, and it’s driven by a mix of factors like lifestyle appeal, affordability, investment potential, and access to nearby cities. Suburbs offering that balance are standing out in today’s market.” - Leigh Nosworthy, Aussie Franchisee, Kingston
Metro vs. regional: Where’s the growth?
Market | Price profile | Lifestyle appeal |
Tasmania (overall) | $619,599 median house price | Affordability, lifestyle appeal, regional diversity |
Source: Cotality
Hobart remains attractive for unit buyers and downsizers, while regional areas are pulling in investors and remote workers with affordable prices and consistent returns.
Tip: Use an Aussie Buyer’s Agent to help you pinpoint which TAS suburb suits your budget and goals.
High-Growth Suburbs in TAS to watch
Suburb | 6-month growth | 1-year growth |
|---|---|---|
5.0% | 6.3% | |
4.6% | -1.6% | |
4.3% | 1.5% | |
4.3% | -2.6% | |
4.7% | N/A |
Source: Cotality
These small but emerging suburbs reflect renewed regional interest and long-term lifestyle trends.
Top TAS suburbs for property investors
Based on historical data, suburbs that have shown relatively higher rental yields include:
Suburb | Rental yield | Rental growth |
|---|---|---|
4.4% | 1.9% | |
4.3% | 3.2% | |
4.1% | 3.9% | |
4.3% | 1.6% | |
4.6% | 1.5% |
Source: Cotality
“In areas like Perth, just 15 minutes from Launceston, first-home buyers are leading the way. The stamp duty exemption up to $750,000 is helping many into the market, and with solid infrastructure and lifestyle access, it’s become a smart entry point for new buyers.” - Chris Antypas, Aussie Franchisee, Aussie Launceston & Kings Meadows
Tip: Use the Aussie App to track equity, rental trends and see how far your budget will go.
Home loan & financing considerations
If you’re looking to buy in Tasmania, reviewing your borrowing power early can help you plan with confidence. Use Aussie’s Borrowing Power Calculator or speak to a broker for personalised guidance.
First-Home Buyer Support includes:
TAS First Home Owner Grant (for new builds)
Stamp duty concessions for eligible buyers
Some properties in coastal and regional areas may fall under key affordability thresholds (eligibility and conditions apply).
Refinancing and equity opportunities
Own a home in Tasmania already? With rents rising and yields strong, now may be the time to refinance or release equity for upgrades or investments.
Your next steps
Tasmania’s market continues to offer opportunities for buyers and investors focused on affordability, lifestyle, and steady conditions.
Whether you’re upgrading, investing or just getting started, Aussie can help you:
Compare thousands of loans from 25+ lenders**
Identify high-yield suburbs and regional opportunities
Get support from a local broker or Buyer’s Agent
Make your move in the Apple Isle with confidence.
